Is Fed Forecasting Still Up to Scratch?
I’m Katia Dmitrieva, Asia economics correspondent in Hong Kong. Today we’re looking at a new idea for Federal Reserve forecasting. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet…
UK Economists Say Markets Betting Wrong on Interest Rate Cuts
The Bank of England has found itself caught in the middle of a trans-Atlantic divide over who will cut interest rates first, with costly implications for gilt traders and British political leaders counting on election year relief from high borrowing…
The Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an Alternative
The Federal Reserve is stuck in a mode of forecasting and public communication that looks increasingly limited, especially as the economy keeps delivering surprises. The issue is not the forecasts themselves, though they’ve frequently been wrong. Rather, it’s that the…
Spain ‘playing Russian roulette with people’s lives’ by refusing to ban painkiller
Spain has been accused of “playing Russian roulette” with expats’ lives by continuing to prescribe a painkiller alleged to be behind the deaths of at least 37 British and Irish expats. A campaign to have metamizole, sold under the brand…
IMF Says US, China Debt Pose Risks for Global Public Finances
The world’s two great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with American spending creating trouble for many other countries by keeping interest rates high, officials…
UK Is Beating US on Inflation Fight And May Cut Rates Sooner
Britain is starting to rein in inflation at a quicker pace than the US, underscoring a divergence between the two economies that may allow the Bank of England to move sooner on cutting interest rates than the US Federal Reserve….
World Economy’s Great Escape Is No Comfort to the G-20
If the global economy is heading for a soft landing, there’s likely to be plenty of anxiety along the way. As the world’s financial elite gather in Washington for meetings of the International Monetary Fund, World Bank and Group of…